News Digest – International Relations & Foreign Affairs (March 11 – March 17, 2021)

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Image: Xinhua

FDI commitment in financial year 2020-21: Nepal has accepted Rs 25.31 billion worth foreign direct investment (FDI) in initial 7 months of the present financial year. FDI decreased by Rs 3.15 billion compared to the same period in the preceding financial year. Rs 18.16 billion (71%) of total FDI is coming from a total of 105 Chinese companies whereas India is providing Rs 3.86 billion. Similarly, UK, Singapore, and America has provided Rs 3 billion, Rs 1.65 billion, and 1.57 billion respectively.

Bahraini Royals to climb Mt. Everest: A 16-member-Bahraini royal family team has come to Nepal to climb Mount Everest. They will be staying in Nepal for 50 days. In the duration of their stay, they will be distributing 2000 doses of vaccines against Covid-19 in Gorkha district. However, the distribution of vaccines has been scrutinized as it was imported with no legal compliances.

Nepal receives medical equipment from Israel: Bir Hospital, Patan Hospital, and Dhulikhel hospital received various medical equipment as donation to help Nepal combat COVID-19. The donation was sent with an objective to improve health facilities in Nepal as per the press release of Israeli Embassy in Nepal. The Israeli ambassador stated that the donation is a part of continuous mutual cooperation between Nepal and Israel.

Nepal rejoices improvement in India-Pakistan and India-China relations: Foreign Minister Pradeep Gyawali stated that Nepal is positive towards improving relations between China and India and their joint efforts to resolve border tensions. Similarly, Nepal has viewed the improving India-Pakistan relation in positive light.

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